Search company, investor...

Boston-Power

boshidc.615.cn

Founded Year

2005

Stage

Debt | Alive

Total Raised

$365M

Valuation

$0000 

Last Raised

$20M | 8 yrs ago

About Boston-Power

Boston-Power (北京波士顿电池技术有限公司) is a developer and manufacturer of next-generation lithium-ion battery cells, blocks, modules and systems. Designed to fuel a wide range of applications, its flagship offerings, Swing and Sonata, serve as the foundation for a new era of longer lasting, faster charging, safer and environmentally sustainable batteries. The company's Swing product delivers unmatched capabilities for Battery Electric and Plug-In Hybrid Electric Vehicles (BEV/PHEV), and utility energy storage applications. Sonata delivers industry leading performance to a wide range of portable power and industrial applications.

Headquarters Location

No.2 Wanhongxi Street Chaoyang District

Beijing, Beijing, 100096,

China

+86 010-84398500

Missing: Boston-Power's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: Boston-Power's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Research containing Boston-Power

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Boston-Power in 1 CB Insights research brief, most recently on Sep 8, 2021.

Expert Collections containing Boston-Power

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Boston-Power is included in 1 Expert Collection, including Auto Tech.

A

Auto Tech

3,374 items

Startups building a next-generation mobility ecosystem, using technology to improve connectivity, safety, convenience, and efficiency in vehicles.Includes technologies such as ADAS and autonomous driving, connected vehicles, fleet telematics, V2V/V2X, and vehicle cybersecurity.

Boston-Power Patents

Boston-Power has filed 36 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/3/2014

3/22/2016

Sensors, Battery electric cars, Lithium-ion batteries, Welding, Fluid dynamics

Grant

Application Date

2/3/2014

Grant Date

3/22/2016

Title

Related Topics

Sensors, Battery electric cars, Lithium-ion batteries, Welding, Fluid dynamics

Status

Grant

Latest Boston-Power News

Boston-Power Vets Take New Approach With Battery Startup Cadenza

Jul 29, 2016

Reprints Christina Lampe-Onnerud has found it much easier to get a foot in the door with partners and potential customers for her second lithium-ion battery startup, Cadenza Innovation, than for her first, Boston-Power. Maybe that’s because the advanced battery market has matured since she started Boston-Power in 2005 . The industry has grown to about 100 lithium-ion battery manufacturers worldwide, she says, as the technology has moved beyond powering personal computing devices and is gaining wider adoption in products like cars and other electric vehicles (think Tesla). Or maybe it’s because of the reputation of Cadenza’s team , several of whom previously helped build Boston-Power into a global supplier of lithium-ion batteries. It’s probably a bit of both. “We’re finding it very straightforward to partner,” Lampe-Onnerud says of Cadenza, which has early deals with Fiat Chrysler Automobiles, ABB, Alcoa, and other companies. “We really know batteries. We are attracting discussions with the end customer as well as the entire supply chain.” Lampe-Onnerud founded Cadenza, initially called Cloteam, in 2012 after leaving Boston-Power, which she founded and ran for about six years. She says Cadenza has developed a new way to design lithium-ion battery packs so that they’re more compact, are simpler and less expensive to manufacture, and have improved safeguards against possible fires. The approach entails, in part, tighter packing of the cylindrical “jelly rolls” (see above photo) that contain the battery’s anode and cathode materials. For increased safety, the structure that houses those cylinders is made of proprietary non-combustible ceramic fiber imbued with fire-retardant materials, Cadenza says . Lampe-Onnerud “I basically came up with this new idea of packaging energy in a different way that drives down cost,” says Lampe-Onnerud, Cadenza’s CEO. “If we can drive down costs to, on a systems level, be on par with the fossil fuel paradigm, we have a real chance for adoption as a global industry.” Making advanced batteries competitive on price with systems powered by legacy energy sources (like gasoline) is something the cleantech industry has struggled to achieve for years, and Cadenza probably can’t solve that problem by itself. But Lampe-Onnerud thinks the startup could play an important role. “While we’re super excited about this technology, by no means are we saying this is the only technology that will succeed,” she says. What’s interesting about Cadenza is its business approach. Unlike Boston-Power, Cadenza isn’t manufacturing and selling batteries. Instead, it’s licensing its technology to companies that would produce their own batteries, specifically for use in electric vehicles and the power grid. That decision has tradeoffs. It means Cadenza won’t need to raise heaps of venture capital to build up a manufacturing and supply chain operation, like Boston-Power did in securing over $346 million . So far, Cadenza has raised more than $5 million from Golden Seeds and other investors, plus another $5.5 million in government funding, according to its website . On the other hand, a licensing model means Cadenza is limiting how much money it could make—it only gets a cut of each sale that its licensees make. Lampe-Onnerud is OK with that. Cadenza “will do well enough,” she says, and at the same time “we will do enormous good with this technology”—meaning, if things go as planned, her company will help society rely less on fossil fuels. “The impact to society is recognizing both the desire to renew the way we think about energy, but also really embrace solutions for climate change,” she says. The decision not to manufacture batteries on a large scale has another ancillary benefit for Cadenza: it will avoid the political drama that unfolded at Boston-Power. The latter company’s request for $100 million in federal stimulus funds to build a manufacturing plant in Massachusetts was snubbed in 2009 , leaving Lampe-Onnerud to suggest at the time that the company’s focus might shift to Asia. Two years later, Boston-Power raised $125 million from Beijing-based GSR Ventures and others, a round that included grants, tax incentives, and other funds from the Chinese government. The company shifted most of its operations to China , where it was already building a factory. In announcing the 2011 round and China plans, Boston-Power also said it would cut 35 percent of its 80-person staff in Massachusetts. (The company still has an office in the state. ) Lampe-Onnerud stepped down as CEO in 2011 and left the company’s board the following year, according to her LinkedIn profile . She stands by the decision to move most of Boston-Power’s operations to China. “We had no choice when we didn’t get” the stimulus funds, she says. Boston-Power had already established customers and a supply chain in China, plus it was planning a factory there and had already built one in Taiwan. While government officials in the U.S. and Europe were “ambivalent” toward Boston-Power’s technology, Lampe-Onnerud says, the Chinese government said “we need this technology, we want this technology, we will help you.” “We could’ve been potentially very stubborn and [said], ‘we need to remain a U.S. and Europe-focused company,’” she says. But “as a CEO, you have to go where the market conditions are most favorable.” Cadenza has set up shop in … Next Page » Jeff Engel is a senior editor at Xconomy. Email: jengel@xconomy.com Follow @JeffEngelXcon

Boston-Power Frequently Asked Questions (FAQ)

  • When was Boston-Power founded?

    Boston-Power was founded in 2005.

  • Where is Boston-Power's headquarters?

    Boston-Power's headquarters is located at No.2 Wanhongxi Street, Beijing.

  • What is Boston-Power's latest funding round?

    Boston-Power's latest funding round is Debt.

  • How much did Boston-Power raise?

    Boston-Power raised a total of $365M.

  • Who are the investors of Boston-Power?

    Investors of Boston-Power include Oak Investment Partners, FAM, GSR Ventures, Venrock, Gabriel Venture Partners and 4 more.

  • Who are Boston-Power's competitors?

    Competitors of Boston-Power include Kokam, ZPower, Envia Systems, A123 Systems, Ener1 and 13 more.

Compare Boston-Power to Competitors

E
Edrive

The EDrive system replaces the existing Prius NiMH battery and Toyota battery control computer with a larger advanced lithium-ion battery and a battery monitoring and control system. The new system aims to allow the Prius to be charged at home using a standard 110/120V home outlet. With the larger battery, the Prius runs in electric only 'EV' mode at lower speeds or when less power is needed. The result is EV driving and electrically boosted gasoline driving for a 40 or so miles with a gasoline efficiency of over 100mpg. After the 40 mile 'boosted' range, the vehicle performs just like a standard Prius until it is plugged in again. The battery system is about 2" higher and 3" longer than the Toyota NiMH battery. It is installed under the rear cargo carpet without limiting access to the spare tire. A small display is mounted on the dashboard.

S
Stratum Energy Systems

Stratum Technologies is a company to industrialize the manufacture of polymer lithium-ion batteries constructed in a stacked cell format. Its production facilities use automated, state-of-the art manufacturing processes to produce precise, high-performance, high-quality batteries in customers' desired formats.

O
Oy Finnish Electric Vehicles Technologies

FEVT offers large capacity solutions for storing electrical energy. The company's technology is based on Lithium-ion batteries and CCS, the company's intelligent Cell Control System. The focus of the company's operations is on applications in the medium- and heavy-duty vehicle, industrial and stationary equipment sectors.

F
Florado Entek

Florado Entek is a company that received a SBIR Phase I grant for a project entitled: Ultrahigh Permittivity Polymer Derived Ceramic for Energy Storage Applications. Their project aims to develop a new class of Polymer Derived Ceramics (PDC) with ultrahigh permittivity for energy storage applications. Research will be performed to understand the effects of structural parameters controlling space charge polarization and percolation via carbon clusters on the dielectric properties of Polymer Derived Ceramics. The overall objective is to increase the permittivity of Polymer Derived Ceramics by a factor of 5 to 10. The broader societal/commercial impact of this project will be to provide a new material for high capacitance energy storage applications which would lead to dramatic improvements in compactness of electrical energy storage (EES) systems. This research project is expected to contribute to the developing multi-billion-dollar electric vehicle market.

A
Amperex Technology

Amperex Technology Limited aims to be a premier energy solution provider for mobile devices. ATL is currently manufacturing Lithium Ion Polymer (LIP) battery cells in China. Per Amperex, LIP Battery is a key component in devices spanning from smart card, wrist watch, Bluetooth, MP3 and MP4 through mobile phone, PDA, Portable DVD player, Notebook PC to power tools, E-bike, scooters, UPS, HEV and EV.

M
Mobius Power

Mobius Power is developing next-generation battery technology

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.